Google revenue up 21% in Q2

Published on July 20, 2012.

Mountainview, Calif.—Google reported a 21% increase in revenue in the second quarter compared with the year-earlier period.
Google's revenue was up despite a 16% decline in cost-per-click rates. Aggregate paid clicks, which include clicks related to ads served on Google sites as well as the sites of network members, rose 42% over the year-earlier period.
The search giant reported consolidated revenue of $12.21 billion for the quarter ended June 30, an increase of 35% compared with the year-earlier period.
Ad revenue accounted for $10.96 billion, or 90% of consolidated revenue. Google-owned sites generated revenue of $7.54 billion in the second quarter.